RiverNorth Enhanced Pre-Merger SPAC ETF (BATS:SPCZ) Sees Significant Growth in Short Interest

RiverNorth Enhanced Pre-Merger SPAC ETF (BATS:SPCZ) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 5,876 shares, a growth of 563.2% from the April 30th total of 886 shares. Based on an average daily volume of 1,696 shares, the days-to-cover ratio is presently 3.5 days. Currently, 3.0% of the shares of the stock are sold short.

RiverNorth Enhanced Pre-Merger SPAC ETF Trading Up 0.0%

SPCZ opened at $25.92 on Thursday. The stock has a 50-day moving average price of $25.70 and a 200-day moving average price of $26.37. RiverNorth Enhanced Pre-Merger SPAC ETF has a 12-month low of $24.83 and a 12-month high of $29.01. The stock has a market capitalization of $5.05 million, a P/E ratio of 58.23 and a beta of -0.02.

RiverNorth Enhanced Pre-Merger SPAC ETF Company Profile

The RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that holds US-listed, small- and mid-cap pre-combination SPAC securities. SPCZ was launched on Jul 11, 2022 and is managed by RiverNorth.